{"id":115602,"date":"2020-04-14T11:00:09","date_gmt":"2020-04-14T04:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/departure-from-highest-bid-wins-tender-means-central-harbourfront-reclamation-project-can-really-meet-its-potential\/"},"modified":"2020-04-14T11:09:44","modified_gmt":"2020-04-14T04:09:44","slug":"departure-from-highest-bid-wins-tender-means-central-harbourfront-reclamation-project-can-really-meet-its-potential","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/departure-from-highest-bid-wins-tender-means-central-harbourfront-reclamation-project-can-really-meet-its-potential\/","title":{"rendered":"Departure from \u2018highest bid wins\u2019 tender means Central harbourfront reclamation project can really meet its potential"},"content":{"rendered":"


\nThe government recently decided to amend the tendering approach for the Central reclamation project\u2019s \u201cprime site 3\u201d land parcel to embrace a \u201ctwo-envelope\u201d bidding process.This marks a welcome departure from long-standing policy in Hong Kong, where invariably such tenders were awarded to the highest bidder without regard for the quality of the proposed development.However, while the administration deserves credit for recognising that dollar value is not the only way to assess a winning bid,\u2026
\n
\nSource : South China Morning Post
\nRead more…Departure from \u2018highest bid wins\u2019 tender means Central harbourfront reclamation project can really meet its potential<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government recently decided to amend the tendering approach for the Central reclamation project\u2019s \u201cprime...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115602","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-u4y","jetpack-related-posts":[{"id":123027,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-confident-of-delivering-world-class-landmark-at-central-harbourfront-dismisses-dividend-payment-fears\/","url_meta":{"origin":115602,"position":0},"title":"Henderson confident of delivering world-class landmark at Central harbourfront, dismisses dividend payment fears","date":"November 5, 2021","format":false,"excerpt":"\r Henderson Land Development said it has deep pockets to develop a prime harbourfront site in Central into an iconic landmark.The city\u2019s third-largest developer by market value on Wednesday won the bid for a 50-year land grant of New Central Harbourfront Commercial Site 3 for a record HK$50.8 billion (US$6.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/central-harbourfront-site-hendersons-us6-5-billion-bid-37-per-cent-higher-than-next-best-offer\/","url_meta":{"origin":115602,"position":1},"title":"Central harbourfront site: Henderson\u2019s US$6.5 billion bid 37 per cent higher than next best offer","date":"December 9, 2021","format":false,"excerpt":"\r Henderson Land Development paid an eye-watering HK$13.7 billion (US$1.75 billion), or 37 per cent more than the next best bid, for a harbourfront plot in Central last month.Pacific Gate Development, a unit of Henderson had bid a record HK$50.8 billion to bag a 50-year land grant for the New\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-chinachem-group-may-bid-in-rare-two-envelope-tender-for-prime-commercial-plot-next-to-hong-kongs-ifc\/","url_meta":{"origin":115602,"position":2},"title":"Sun Hung Kai Properties, Chinachem Group may bid in rare \u2018two-envelope\u2019 tender for prime commercial plot next to Hong Kong\u2019s IFC","date":"December 18, 2020","format":false,"excerpt":"\r Hong Kong\u2019s biggest developer by value, Sun Hung Kai Properties, and Chinachem Group said they may bid for a prime plot of commercial land to be sold via a rare tender process that takes into account participants\u2019 design plans as well as cash bids.The government is using a \u201ctwo-envelope\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-buys-hong-kongs-land-king-paying-a-record-us6-5-billion-for-harbourfront-commercial-plot-in-central\/","url_meta":{"origin":115602,"position":3},"title":"Henderson buys Hong Kong\u2019s \u2018land king,\u2019 paying a record US$6.5 billion for harbourfront commercial plot in Central","date":"November 3, 2021","format":false,"excerpt":"\r Henderson Land Development has won the tender for Hong Kong\u2019s most expensive commercial land parcel, paying a record HK$50.8 billion (US$6.5 billion) for a harbourfront plot in Central.The land parcel was awarded to Henderson\u2019s unit Pacific Gate Development Limited on a 50-year land grant, according to a statement by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119750,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-harbourfront-plot-in-central-should-become-world-class-destination-blending-commerce-with-public-spaces-designers-say\/","url_meta":{"origin":115602,"position":4},"title":"Prime harbourfront plot in Central should become world-class destination blending commerce with public spaces, designers say","date":"January 13, 2021","format":false,"excerpt":"\r A parcel of prime land at Hong Kong\u2019s Victoria Harbour to be sold in a rare tender process that values design merits as much as cost is likely to be transformed into a vibrant waterfront hub blending office and retail facilities with bustling public spaces, say industry experts.Under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/after-henderson-lands-record-bid-here-are-the-5-other-most-expensive-land-sales-in-hong-kong\/","url_meta":{"origin":115602,"position":5},"title":"After Henderson Land\u2019s record bid, here are the 5 other most expensive land sales in Hong Kong","date":"November 5, 2021","format":false,"excerpt":"\r Henderson Land Development may have set a record by bidding HK$50.8 billion (US$6.5 billion) for Hong Kong\u2019s most coveted commercial plot in the main business zone of Central, but the city is no stranger to eye-watering land deals.Henderson Land\u2019s record bid beat out five contenders in the government\u2019s \u201ctwo-envelope\u201d\u2026","rel":"","context":"In "Property 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